PGIM launches two Buffer ETF series
Attractively priced at

Stuart Parker, President and CEO, PGIM Investments (Photo: Business Wire)
The ETFs will be offered at a
The Buffer ETFs provide exposure to an ETF that seeks to track the performance of the S&P 500 Index (“the Underlying Fund”), offering investors a defined range of potential outcomes. The ETFs seek to match the return of the underlying fund up to a predetermined upside cap, while providing a limited downside buffer against the first
“In times of market uncertainty, our clients are looking for ways to participate in the market’s upside, while tempering downside risks,” said Stuart Parker, president and CEO of PGIM Investments. “Buffer ETFs provide investors with a more narrowly defined outcome range, which can offer more predictability in volatile markets.”
The Buffer ETFs are subadvised by PGIM Quantitative Solutions (PGIM Quant), the quantitative equity, multi-asset and liquid alternatives specialist of PGIM.
“PGIM Quant has been managing options trading strategies for institutional investors for more than 30 years,” said Linda Gibson, CEO of PGIM Quantitative Solutions. “The Buffer ETF series represents yet another enhancement to our suite of offerings for clients who are looking for meaningful upside access while helping to mitigate risk.”
With the launch of the initial Buffer ETFs, PGIM Investments now offers 16 active ETFs, doubling its lineup over the last year.
ABOUT PGIM INVESTMENTS
PGIM Investments LLC and its affiliates offer more than 100 funds globally across a broad spectrum of asset classes and investment styles. All products draw on PGIM’s globally diversified investment platform that encompasses the expertise of managers across fixed income, equities, alternatives and real estate.
ABOUT PGIM QUANTITATIVE SOLUTIONS
PGIM Quantitative Solutions is the quantitative equity, multi-asset and liquid alternatives specialist of PGIM. For more than 45 years, PGIM Quantitative Solutions has helped investors around the world solve their unique needs by leveraging the power of technology and data as well as advanced academic research. As of Sept. 30, 2023, PGIM Quantitative Solutions managed
ABOUT PGIM
PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU), is a leading global investment manager with more than
Prudential Financial, Inc. (PFI) of
1 The term PGIM as used in this announcement includes PGIM Investments LLC, an indirect, wholly owned subsidiary of Prudential Financial, Inc.
2 Source: Morningstar Direct as of Nov. 30, 2023.
3 Before fees and expenses.
4 AUM totals shown include assets of PGIM Wadhwani LLP, which is a separate legal entity.
Consider a fund’s investment objectives, risks, charges and expenses carefully before investing. The prospectus and summary prospectus contain this and other information about the fund. Contact your financial professional for a prospectus and summary prospectus. Read them carefully before investing.
Investing in ETFs involves risks. Some ETFs have more risk than others. The investment return and principal value will fluctuate and shares when sold may be worth more or less than the original cost and it is possible to lose money.
The Funds are actively managed exchange traded funds (ETFs) and thus do not seek to replicate the performance of a specified index. ETF shares are not individually redeemable from the Funds. Shares may only be redeemed directly from the Fund by Authorized Participants in Creation Units.
Investment products are distributed by Prudential Investment Management Services LLC, a member FINRA and SIPC. PGIM Quantitative Solutions is a wholly owned subsidiary of PGIM. © 2023 Prudential Financial, Inc. and its related entities. PGIM and the PGIM logo are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.
Investment products are not insured by the FDIC or any federal government agency, may lose value, and are not a deposit of or guaranteed by any bank or any bank affiliate.
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Source: PGIM